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# System prepended metadata

title: Mint to Burn ERC20 token

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# Mint to Burn ERC20 token

### ERC20 Properties
- Cannot be transfered to any addresses other than: Vault, ERC20 owner, Vault buyer, Instant Mint Swap Proxy, NFT Contract, LBP Creation Proxy performing the burn
- Can be deposited into an LBP if LBP creator is owner of ERC20 contract (Vault address is whitelisted for "to" transfer if "from" is ERC20 owner)
- Can only be bought from an LBP, but not sold back in (Vault address is whitelisted for "from" transfer)
- If circulating supply of ERC20 is 3, no more buys from Vault are allowed (Vault address is blacklisted for "from" transfer if "to" address is not the LBP creator)
- Can be acquired through the instant mint swap proxy ("from" address is the Vault, "to" address is the swap proxy)
- Can be burned by NFT Mint ("to" address is the NFT contract)


